December 5, 2010
Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions once and for all: The insurance industry is ecstatic because …
December 5, 2010
Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and implements strategic programs and best practices at the Austin branch …
December 5, 2010
Legislate Commissions “After hearing from various interested parties, if HHS does not fix this language before the rule is final, we hope that Congress will step in and revise the MLR formula through the legislative process.” —Charles E. Symington Jr., …
December 5, 2010
Certificates of insurance can create problems for insurance agents, especially in the areas of commercial property and the construction industry. The potential for disputes to arise is so great that the Texas Department of Insurance recently felt the need to …
December 5, 2010
Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But company President and CEO Mike LaRocco said he’s “very bullish” about …
December 5, 2010
NSM, Ideal Philadelphia-based program administrator NSM Insurance Group has acquired IDEAL Marine Insurance, a Chicago-based is a program specialist focused on non-construction, ocean and inland marine risks. Geof McKernan, CEO of NSM, said the company is “aggressively seeking specialty underwriting …
December 5, 2010
Oakland, Calif.-based catastrophe risk modeling firm EQECAT Inc. named Bill Keogh president. He will be based in the Hackensack, N.J., office. Keogh previously served as senior vice president of strategic initiatives. He succeeds Rick Clinton, who will continue in a …
December 5, 2010
Massachusetts agency Provider Insurance has hired Sharon Cardoso as personal lines account manager. She will be responsible for acquiring new clients and expanding existing client accounts in the personal lines division which includes managing auto, home and umbrella policies in …
December 5, 2010
Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions once and for all: The insurance industry is ecstatic because …
December 5, 2010
New York agents failed to make their case that insurance regulators cannot require agents and brokers to disclose their commissions, a Supreme Court judge has ruled. That decision by Supreme Court Justice Richard M. Platkin ends for now a legal …